DPA Kandla issues tender for allotting 2,000 acre of land for developing shipbuilding cluster
GANDHIDHAM : Deendayal Port Authority has issued a tender to lease 2,000 acres for a shipbuilding cluster in Kandla, Gujarat, under a 30-year lease. Bidders must have experience in constructing VLCC-class shipyards. The reserve
Union Budget 2025-26: Boost to shipping and aviation sector
NEW DELHI : For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing
Post Budget 2025 Reaction – Vivek Merchant, Director, Swan Defence and Heavy Industries Limite…
MUMBAI : Mr. Vivek Merchant, Director, Swan Defence and Heavy Industries Limited shares his views on Union Budget 2025-26. “The Union Budget 2025-26 sends a strong message about India’s ambitions in shipbuilding and maritime
Union Budget 2025 : Modi Govt plans big on shipbuilding
NEW DELHI : In a massive boost to India’s Shipbuilding industry, the Modi Government has accorded the coveted ‘infrastructure’ status for large ships. Finance Minister Smt. Nirmala Sitharaman announced in her speech for Budget 2025-26 on
GRSE Q3 results: Profit misses estimates, revenue up 38%
KOLKATA : Garden Reach Shipbuilders & Engineers Ltd. reported an 11% year-on-year rise in net profit in the third quarter of this financial year, missing analysts’ estimates. The shipbuilding company posted a profit of
Union Budget 2025 boosts Shipbuilding with New Mega Clusters in India : Sonowal
NEW DELHI : The Union Budget has placed strong impetus to realise the huge potential of India’s shipping sector. The forward-looking document aims at further enabling India’s shipbuilding industry with spurring & innovative initiatives
Union Budget 2025-26 : India to set up $3-billion maritime development fund for shipping industry
NEW DELHI : India will set up a 250-billion-rupee ($2.9-billion) maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, Finance Minister Smt. Nirmala Sitharaman said on Saturday while presenting
CMA CGM orders 12-unit-strong LNG dual-fuel containership fleet at HD KSOE
MARSEILLE : French container shipping and logistics major CMA CGM has ordered a dozen liquefied natural gas (LNG) dual fuel 18,000 TEU containerships in South Korea. The boxships will be built by South Korean